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FINANCIAL NEWS
Dubai posts 2.3% increase in house prices in Q4
11 Mar 2012
(MENAFN) The Knight Frank Global House Price Index showed that in 2011’s fourth quarter, house prices in Dubai grew by 2.3 percent, reported Arabian Business.
The firm added that over the full year of 2011, house prices in the emirate went up 0.5 percent, whereas between the second and the fourth quarter they rose by 0.4 percent.
The real estate company also said that the recovery in the final quarter placed Dubai in the top 10 performers in the world for the period.
It is worth noting that on the year, Brazil was the top performer, with an increase of 26 percent, whereas Ireland recorded the lowest rate, with a decline of 17 percent.
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